The William R Kenan Jr Fund for
The William R Kenan Jr Fund for is a private foundation, based in CHAPEL HILL, NC. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $31.9M in total assets. In 2025, it awarded 1 grants totaling $1.9M. Net investment income was $2.9M.
Financial Overview
From 2025 IRS Form 990-PF · View filing
Total Assets
$31.9M
+2.4% YoY
Annual Giving
$1.9M
+3.3% YoY
Grant Count
1
+0.0% YoY
Avg Grant Size
$1.9M
+3.3% YoY
Under IRS private-foundation payout rules, The William R Kenan Jr Fund for reported a distributable amount of $2.1M for 2025 — the minimum it must pay out in qualifying distributions.
About The William R Kenan Jr Fund for
Based on IRS filings
The William R Kenan Jr Fund for is a private foundation, based in CHAPEL HILL, NC. IRS filing data is available from 2021 through 2025. As of 2025, the organization holds $31.9M in total assets. In 2025, it awarded 1 grants totaling $1.9M. Net investment income was $2.9M.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total Assets | $31,883,793 | $31,123,097 | $29,025,816 |
| Revenue | $3,045,551 | $4,273,310 | $2,233,970 |
| Expenses | $2,293,147 | $2,183,769 | $2,113,198 |
| Qualifying Distributions | $2,057,224 | $1,982,696 | $1,943,062 |
| Net Investment Income | $2,867,473 | $4,113,237 | $2,082,533 |
| Distributable Amount | $2,135,348 | $1,909,375 | $1,781,881 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2025
Grant Size Distribution
5 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2025 grants, the largest include North Carolina State University ($1,880,000).
| Recipient | Purpose | Amount |
|---|---|---|
| NORTH CAROLINA STATE UNIVERSITY RALEIGH, NC | SUPPORT FOR THE KENAN INSTITUTE FOR ENG., TECH., AND SCIENCE | $1,880,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2025 IRS filing
From 2025 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| DANIEL W DRAKE | CHAIRMAN/PRESIDENT/TREASURER | — | — |
| THOMAS S KENAN III | VICE PRESIDENT/DIRECTOR | — | — |
| LIZA KENAN HOWELL | DIRECTOR | — | — |
| STERLING KENAN MCCRACKEN | DIRECTOR | — | — |
| J HAYWOOD DAVIS | DIRECTOR | — | — |
| ROBERT P BAYNARD | DIRECTOR | — | — |
| STEVEN R ARMSTRONG | TREASURER | — | — |
| SUSAN BOWSER | ASSISTANT SECRETARY | — | — |
| HOLT KENAN HEMINGWAY | DIRECTOR/SECRETARY | — | — |
| FRANK H KENAN II | DIRECTOR | — | — |
| CHRISTOPHER A SHUPING | DIRECTOR | — | — |
| EVAN STEWART GWYN | DIRECTOR | — | — |
| GARETH GWYN | DIRECTOR | — | — |
Frequently Asked Questions
How large is The William R Kenan Jr Fund for?
As of 2025, The William R Kenan Jr Fund for holds $31.9M in total assets with $3.0M in annual revenue. It awarded 1 grants totaling $1.9M in 2025.
Where does The William R Kenan Jr Fund for operate?
The William R Kenan Jr Fund for has awarded grants in North Carolina.
What size grants does The William R Kenan Jr Fund for award?
In 2025, The William R Kenan Jr Fund for awarded 1 grants totaling $1.9M — an average of about $1.9M per grant, based on its IRS Form 990 filings.
How much is The William R Kenan Jr Fund for required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, The William R Kenan Jr Fund for reported a distributable amount of $2.1M on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The William R Kenan Jr Fund for's EIN?
The William R Kenan Jr Fund for's EIN (Employer Identification Number) is 56-1761145. IRS Form 990 filing data is available on this page for 2021–2025.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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